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for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provide
healthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $2 at thousands of pharmacies in retail locations like these, all across the country. call now to learn more. unitedhealthcare has the information you need so you'll be
of cleveland about health care, insurance, and medicare. this is an hour. >> good afternoon, welcome to the city club of cleveland. i'm president of the city club's burped of directors. i'm delighted to introduce to you the president and effective january 1, ceo, of humana inc, a phenomenonture 100 health care and health insurance provider and administrator serving over 11 million customers in the united states. over the recent election, at the center of the policy debate with implications beyond the health care industry impacting the largest fiscal pom aand larger concerns. fortunate to have with us him here to share insights on the industry and the developing policy. prior to joining humana in 2011, he was an executive, and before that, u.s. oncology, large producers and providers of health care products to to major health care institutions. with that background, he brings to the podium today a broad perspective on health care issues facing the country. he holds the undergraduate degree from texas a&m, and mba from university of houston. we are looking forward to your comments toda
, means testing on taxes? medicare for more affluent recipients, excluding my wife? >> let me just say that we would support a balanced approach, and it is important to point out, as senator warner did, that we have done over $1 trillion in cuts in the next 10 years which the president is committed to keeping. with respect to medicare, we do have a very different approach to dealing with medicare. there is no doubt we have to bring down medicare health-care cost growth. the difference is that we believe we should expand on the kind of reforms that we made in the affordable care act, where we achieved billion about $716 billion in savings, not simply by across the board provider cuts, but by changing the incentive structure, the way we pay providers so we focus on the value of care, not the volume of care. i think it is ironic that we have gone in the last four weeks from many of our republican colleagues criticizing the president for having done too much in savings on medicare, $716 billion -- their presidential candidate proposed putting that money back in, in other words adding $716
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement
recently spoke to the club of cleveland about health care, insurance and medicare. this is an hour. [inaudible conversations] >> of doctrine and welcome to the city club of cleveland. thank you it shall come the president of city club is. i am delighted to introduce to you today, so when can president effective january 1, ceo of separate ink, and managed health care and insurance provider and administrators serving over 11 million customers in the united states. over the past four years and into the recent election, the issue of health care has been at the center of our nation's great policy debate and implications beyond the health care industry impacting our larger fiscal policy and important social concerns. we are fortunate to have a test today mr. broussard insights on the industry in developing policy. prior to joining humana 2011, mr. broussard, u.s. oncology. large producers and providers of health care products to major health care institutions. that background, mr. brousard brings a broad perspective on health care issues facing our country. mr. broussard holds his underg
medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. let's see if we can get the same item at walmart for less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the bran
for medicare to 67 and deal with entitlements by extending ages going out into the future, i am all for it. host: an independent caller, what do you think? hostcaller: you look lovely. we appreciate it. i started talking about this in july 2011. the gop -- he said they are in violation of their oath of office whenever they refuse to raise the debt ceiling. then when they do it on the floor, they are in violation of u.s. code. by dissenting that argument in public and then recommending the public and the court their views. host: this proposal by republicans does not include any thing to raise the debt ceiling. caller: i know but they are going to have to do that. also, john boehner -- this proposal has $160 billion less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the cou
. although you said the democratic leadership -- you said you could support means testing for medicare. what does that mean and how far are you willing to go. >> first of all, social security is off the table. there are not only 42 members in the congressional black caucus who would not vote for a deal that included social security, but i think the majority of our democratic caucus. social security has not contributed one penny to the deficit. it's just irresponsible to even put social security in a discussion as we are trying to get some kind of deal. medicare can, i think, be massaged in terms of means testing. with the upper income individuals paying more or sometimes all of their medical expenses. it makes no sense for the government to pay medicare costs for somebody who is earning $700,000 a year. a million dollars a year. so i think we can do some means testing. but by no means am i saying it the means test should be low enough so that our elderly and our poorest americans are going to pay for the deficit. but we want a deal. we want a deal. we'll deal with medicare. and keep in mind,
for medicare, medicaid and long-term social security. the mere fact were discussing those things is good. in terms of the votes, if it's going to be a deal they will be those from both sides. reality is -- these two guys come in the president and the speaker had so with one another before. they came to a huge deal during the lame-duck section in 2012. they came to another big deal about shutting down the government in april 2011, cutting discretionary spending the billions of dollars. he came to another in the debt ceiling deal as well which is a $2.2 trillion long-term deduction in exchange for an increase in the debt ceiling. they need to take it to another level. this is a bigger, more complex problem and it's the beginning of a series of negotiations. they're going to be together for the next four years. the president won the election, the republicans on the house and frankly are not likely to lose in a midterm election and a second-year presidency. john boehner is speaker for four years and hopefully this is the beginning of a productive relationship. >> host: unison news last week
-cost printing. [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across the country, in
've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now.
] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement
to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is the definition of entitlement? people in the capital get pensions and free health care for not even doing anything, and personal cars and things like that. so do they want to be a country unto themselves, a country of texas or a country of florida? host: running out of time. we only have about 30 minutes for open phones this morning. i will have to let you go. the hottest property to emerge from obama's victory over the running is not the much lauded campaign theme, is something far more valuable that
. why would you go for that? if you spend $80, the next step from medicare and whatever. i am not saying cut the defense, obviously a republican rayon. if you reform does things, especially the entitlements, what is the expense? how are you going to pay? $200. if it goes through the program. cut the prices on the services. you have absolutely no idea how much it costs. if i go to brooklyn, it will be cheaper. they know how much to charge. in order to create the jobs, you have to go to amend it. host: to write for the call. a lot of people want to wait and it. the number-one priority item, this is from a viewer who says it should be to back fiscal for timber living tax cuts expire, close loopholes, and cut spending across the board. a surprise announcement of senator jim demint who will be leaving the senate after nearly two terms. this is from friday politico. just as on the conference but still, arizona on the independent line. i wanted to call and regarding obama's priorities. i think it should be related to pregnancy. there are too many children being bored. too many do not have the r
a trillion dollars in savings to medicare without doing any harm to beneficiaries and extended the life of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle income tax cut? why are we not here to even debate the middle income tax cut? could it be because the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the red or get one red scent from the high end we will never have the revenue with the save togs reduce the deficit, to create jobs and grow the economy and improve the lives of the american people. >> [inaudible] as i've cede before than subject, what we want to do is protect the m
, more people are out of work. it means that we do not have money to pay for basic benefits like medicare and social security. it is important to talk about deductions and tax policy in terms of tax reform. john boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and t
care inflation is a significant driver of medicare escalating before us, what do you think should be done to control that inflation? i heard what you said about medicare. that is -- no matter what you do, you still have this inflation going on. it is major. >> let me say a few things. health care inflation in the last couple of years has slowed quite sharply. it has been about 3.5%. it is very positive developments. some of that probably is due to the weak economy, which means less demand for services. some of its likely is do to the affordable care act. there is growing evidence of that. we do not know for sure. there are some positive experiences in the affordable care act that could reap benefits. the insurance exchanges, the independent payment advisory board. we will have to see how that works out. most encouraged about the cadillac tax. this is a tax on gold-plated health insurance policies for folks like me. i get a very good health care package. if i get sick, i am unfettered in terms of my health-care consumption. it will make it more costly and i will start shopping for
of the 2001 tax reduction for the top 2% and the extension of the medicare act and capital income. under the president's preferred tax policy, the top rate would go from 35% to 49.9% and for ordinary income from 15% to 25%. the long-term consequences of president obama's tax policies would have a profound and negative affect. capital stock would fall. fewer jobs and lower wages resulting in higher taxes would harm the middle class. data reveals three important facts of high income earners. the taxes on the wealthy raise as much faster than on everyone else during economic booms, but they also fall much faster during economic bust. people report more income when tax rates are low and not when they are high. there are better ways to increase federal revenues than hiking tax rates. congress could enact a program of tax reform that would lower rates and eliminate interest reductions. the president could open up more federal lands and offshore areas for energy exploration. his administration could take a more balanced approach to new regulations. economic growth can help solve our fiscal prob
and democrats -- medicare is not paying for itself. it is costing us more than what we pay into it. if you make $1,000, they take $100 of of your medicare. if the big 2000, take $200, all the way up to $500. that way medicare is getting paid for. right now we are not paying for medicare. we're going into a hole because of it. another thing is, we have lost over 500 jobs -- companies to outsourcing in the last 12 years. it is because of the free trade with china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that
with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they are happy to see movement was made toward the president's position but speaker boehner has not embraced the it. it could be what they talked bebeat the white house but we don't know but still, democrats are optimistic. >> i think we'll get an agreement. the reason i think we'll get an agreement, what is standing in the way is revenues, particularly making that top rating up to 39.6, but i think we're seeing real progress in that regard. i think you will see our republican colleagues reluctantly say, okay let's go up
medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >> steve: time for news by the numbers on this friday. first, 26% that. is what the jobless rate in greece soared to in september. 26%! the country defeating spain to win the highest unemployment rate in europe. congratulations. not. next, $2 billion. that's how much a cable box cost when it's not even on. they continue to run using up electricity. the worst offenders, dvr's. that's $2 billion across the country. not just at your house. and finally, $5,000. that's the christmas bonus being handed to employees at publisher random house. they can thank this year's best seller "50 shades of gray" and $55,000 for christmas bonus.
? and on whom? second, what medicare and other spending cuts would you propose? people propose large numbers and never fill in details. but we have filled in the details with our first step. let them tell in the details of their first step. they have not done either, so it is not much of an author -- an offer. >> they did not include having the top rates go up on the wealthiest americans. their proposal goes right back to that class. charitable deductions, mortgage relief and legislation i have had them place -- in place. there is a whole range of things you have to go through. that is the point. we are not going to do that. we have to make sure that the wealthiest help pay down this large deficit. we have large discussions going on in the senate at various places. we know what the parameters are. the president is ready, willing, and able to sit down and negotiate this. >> the statement, we have done something. we want every tax rate to go up. the interesting part, we agree it should not go up. we disagree on the top 2%. why don't we go where we agree and make sure those folks in the middle
of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability
star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >> imagine this. going to check on your house after super storm sandy and finding your home has completely vanished. that's exactly what happened to one new jersey homeowner. but get this. it was it was not the storm that took down his house, it was the new jersey department of transportation. why did the department of transportation do it? nick joins us. good evening, nick. >> good evening. how are you, greta. >> very good. tell me what happened. >> i first learned of when the storm first hit there was an aerial shot, a helicopter on an abc affiliate out of out of philadelphia and i saw my house off the foundation and slid into my neighbor's porch and slightly forward. we weren't allowed i
medicare and medicaid cut. what's he going to be? it may be rush limbaugh's favorite foundation, but that's not going to do a lot at this moment with this discredited brand. >> well i am very fascinated by the underpinnings of the heritage foundation. we understanding demind is going to make a million dollarshalf a million dollars a year at heritage foundation but who gives heritage that money? what will they expect from demint in return? >> it's the same phalanx of people, these ideological billionaires who were sore losers in this election. they didn't get what they wanted. you have the koch brothers the olin foundation the bradley foundation. this is this network, this right-wing infrastructure that our money and politics 3 fuong writes about "the machine," but on the other side there are movements and progressive think tanks and, you know, a media emerging that is more popular in terms of the ideas in a country, let's be honest. the republican party lost this last election. it will come back in different ways. but its values right now are not ones
now. stakes couldn't be higher. more than $7 trillion of tax cuts in medicare payments and programs for unemployed will expire in just 27 days am today. adding to these spending cuts and tax increases or sequestration, cuts of almost 10% of both defense and nondefense, and cuts of 2% medicare. it would be hard to find a single american not affected by these changes. you all know how serious this is. you believe, like me, that we can do it. to prevent fiscal crisis. but the answer is not just extend all of these tax cuts and delight all of these cuts. that is not the answer. this is an opportunity, an opportunity to commit to balance plan, to bring our national debt back down to sustainable levels. the united states, i believe come is at a critical juncture. we can come together, show the world we are still responsible actors. we can prove that america is still the leader of a global economy. people are watching. do we still have it. or, we can let a instruction is an and stagnation turn this country that we all love so much into a second place state. i spent a few days last fall mee
that the government is so corrupt and all in different departments, there's so much fraud going on, like the medicare program, the doctors and the insurance companies have brought the department so bad. they need some cleanup crew, cleanup people to check all the fraud that's going on. i watched american greed on tv and some people ought to watch. that i just watched it the other night, about the skin doctor that was cutting elderly people, special people that's on medicare, and he was -- so many doctors, when that first was passed when president johnson signed the bill into law, it was miss managed once the doctors didn't want it at first. they voted against it and the republican senators, i remember clearly. i -- i'm 85 years old. and i've paid taxes since i've been 15 years old. i've paid into the -- host: social security, medicare. caller: social security, i've paid into that all through my life. host: we appreciate you're watching, we appreciate you're calling. in any comment first of all for that caller? it's a little outside your baileywick. guest: this is a time when people in congress are ta
for their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less money to the rich. i'm also willing to compromise on military spending. the only thing i'm not willing to compromise is to throw out facts, throw out common sense and say, oh, let's take more money out of the private sector and maybe the economy will do better. it is a really, really bad idea to raise taxes. i think he'll perhaps send us into another recession. >> you may be right, as a reagan supply sider, my heart and head are with you on this. but it doesn't seem you can get a deal that would avoid a big tax hike unless you get whatever cuts you can get plus a revenue increase. what do you think of mr. boehner's idea, cap deductions and get $800 million in revenues? does that make any sense. >> that's a tax increase. it's a bad idea. but i have yet another thought how we could fix this. why don't we let the democrats pass whatever they want. if they are the party of higher taxes, all the republicans in the house vote present and let the democrats raise taxes as high as they want to
of reimbursement to providers under the medicare program. unless we repeal that law, we will have to once again patch the law as we have done for many years now with a so-called medicare doc fix, and i think the time has come to go ahead and repeal the law. the fifth item i wanted to just mention is that congress needs to give the president the power to raise the debt ceiling. at the same time, congress should retain congress' right to disapprove of that increase, but secretary geithner has made a proposal to the congress which i believe makes good sense. it is based upon the arrangement that was agreed to that senator mcconnell had put forward in the 2011 debt ceiling crisis that we all lived through. obviously, this is a significant to-do list, and i don't intend to speak about all these items. i would like to focus my remarks on the need for congress to pass the extenders package of tax provisions. i feel this has gotten too little attention. it deserves to be dealt with as a major component of the reaction or the response to the so-called fiscal cliff. this is in fact the family and busines
's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of ame
on entitlements on the table. they are significant raising the medicare eligibility age from 65 to 67. and enacting a reduced inflation formula for social security benefits and other government programs. those are real tangible offers on entitlements that mean that even though the white house rejected the offer, carl, this is positive because now you have specifics from the white house on taxes, from the republicans on entitlements, that's the beginning of the conversation and the president is hoping the meeting with the governors helps move that along a bit. >> i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices but they can't have a lot of influence
, but they don't want entitlements touched. are you okay with raising the eligibility for medicare going up from 65 to 67? 51% opposed that. >> big news yesterday coming out yesterday from senator deminut. >> this will give me the opportunity to help take our case to the american people and to translate our policies into real ideas. >> so you think you can be more influential within the conservative movement as the leader of the heritage foundation as opposed to a united states senator? >> there's no question about it. >> wow. paul what do you make of the timing of this? he's saying he could be more effective outside the senate. >> you know, advisers to the senator told me he always said he was only going to do two terms in the senate. the thing is his second term isn't up for another four years. this timing is interesting. i guess he was quietly, obviously, making a deal with heritage to go over there. demint is somebody that we all know that was a kingmaker over the last two election cycles, a kingmaker on the tea party side. he is probably the person responsible for getting five tea party-bac
payment by beneficiaries who are wealthier in medicare and finally the last point you make is the really intriguing one, that's the debt ceiling. and my hunch is the republicans will cave on taxes and they'll come back to fight again later in the winter on the debt ceiling and they could really extract major spending cuts by late winter. >> so you don't think the president will get the blank check that he wants, no debt ceiling? he wants no debt ceiling, you don't think he'll get it? >> it's never going to may, it's too ambitious he's not going to try to do it by executive authority. so there's another crisis, we'll be talking about this all during january and february and the next crisis when the debt ceiling expires in late february and that's where the republicans will get a lot. stuart: all right, greg we appreciate you being with us, thank you. >> you bet. stuart: time for the gold report. 9:50 eastern. where are we, back to 1700 an ounce, i thought we were down, but we've bounced back, 1703. take a look please at these videos. what are these people looking for in elephant dung? wou
of the middle class, it voids our promise to seniors with steep cuts to social security and medicare, all to pay for even more handouts to the rich. at least we now know where they stand. republicans have sought to cover by invok invoking erskine bowle' name. he has disavowed their plan. we're glad to see the republicans join in the negotiating process. while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class in order to protect more unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it. president obama wouldn't sign such a bill. a understanand the american peot support it. that's in all the polls in the press this morning. the american people are tired of budget-busting giveway is to ths to the wealthiest 2%. the american people want a balanced deal. it must be higher taxes on the richest of the rich. republicans would be wise to keep that in mind as negotiations move forward. we're willing to compromise but we also will not consign the middle class to higher tax bills twill mill
to say we are going to cut medicare beneficiaries. he then went on and i think in the end, you can't be president and not be a realist. he said isn't tenable to not cut them because they are driving the budget deficit. the whole entitlement issue is the real core of this problem. a taxing issue, yes. the pyrotechnics. there's the struggle between the republican and democratic view. they all know it's the entitlement issue. so if you, but some some sort of fix, trajectory to make it somehow stable is the real issue. you have something from the boat. >> your books are ultimately about the power, how it's used, squandered, built spirits of the subtext of these events is how life works. and my favorite sentence in the price of politics is when you meet friends -- need friends comments to late to make them. tell us what she learned about washington and life in the grand bargain. what is a hundred your lesson from how bad unravels? >> evening would have been last year? they found a way to postpone everything. again, they can postpone lots of the problems, the postponement is 15 and appre
of present value of unfunded future medicare, medicaid, and government pension liabilities is $87 trillion. that $87 trillion is greater than the net worth of the $63 trillion net worth of the united states. that number grew by $7 trillion. any accountant would have to say the u.s. is not a going concern. these debts are being hidden, not being reported. and i don't understand why. >> well, charles, you always get me thinking. maybe i don't agree with everything you say, but today i think i pretty much agree with a lot of it. thank you for being our guest. carl, back to you. >> all right. rick, thanks so much. in a job market that seems to be stabilizing, there are industries that still can't find the workers they need. we're highlighting two of those industries and finding out why businesses are so desperate to hire right after the break. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in e
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